Trading ideas: Gas, Solarvest, Binastra, Cahya Mata, NexG, Paramount, Aquawalk, Citglobal, GDB, Wentel, Bintai, Crest Builder, Sunway Healthcare, Omesti, Top Glove, Glomac


KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Gas Malaysia Bhd has secured regulatory approval to advance its proposed liquefied natural gas regasification terminal in Yan, Kedah, marking a significant step forward for project that is estimated to cost RM2.0bn to RM3.0bn.

Solarvest Holdings Bhd has entered into an engineering, procurement, construction and commissioning contract valued at RM89.5mn with Jubli Pasific Sdn Bhd for developing a 36MWac solar photovoltaic plant under the large-scale solar programme in Padang Siding, Perlis.

Binastra Corporation Bhd has been appointed to complete construction of Subang Sentral for RM316.0mn and revive the long-stalled project in Subang Jaya.

Cahya Mata Sarawak Bhd has succeeded in blocking a bid by its deputy chairman Datuk Seri Mahmud Abu Bekir Taib and five others to strike out a lawsuit brought against them in relation to a failed enterprise resource planning system.

NexG Bhd declared that the massive fair value losses from share investments that recently dragged the group into the red are now a "closed" matter, following a boardroom exodus that saw the departure of seven directors from the group after a brief power tussle.

Paramount Corporation Bhd has proposed to acquire 14,974sqm of freehold commercial land in KL from IOI Properties Group Bhd for RM257.9mn.

Aquawalk Group Bhd upcoming Aquaria KK project in Kota Kinabalu, Sabah, is estimated to cost RM70.5mn and is targeted for completion by 2029.

Citaglobal Bhd has executed a framework agreement with Malaysia Rail Link Sdn Bhd for energy advisory services and green energy development along the East Coast Rail Link.

GDB Holdings Bhd has secured a RM115.5mn contract for the new water treatment plant in Song District, Sarawak.

Wentel Engineering Holdings Bhd has proposed to acquire two medium industrial semi-detached factory units in Johor for RM29.6mn in a related-party transaction.

Bintai Kinden Corporation Bhd has secured two construction subcontracts worth an aggregate RM25.7mn for work at an industrial park in Kulai, Johor.

Crest Builder Holdings Bhd has secured two construction contracts worth a combined RM513.0mn, lifting its outstanding order book to a record RM2.0bn.

Sunway Healthcare Holdings Bhd will be included in the FTSE Bursa Malaysia KLCI come 25 March 2026, replacing QL Resources Bhd.

Kenanga Yield Enhancement Fund has ceased to be a substantial shareholder of Omesti Bhd after the disposal of nearly 8.7% stake in the group.

Top Glove Corporation Bhd's 2QFY26 net profit increased 1.5% YoY to RM30.8mn as cost control and higher plant utilisation offset drags from weaker exports receipts.

Glomac Bhd's net profit nearly tripled YoY to RM5.2mn in 3QFY26 due to improved contribution from its property development business amid increased activities. 

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